30 Year Conforming Mortgage Rates Hit New Low for 2017

Mortgage rates continue to move lower, defying predictions of higher mortgage rates in 2017. In fact, mortgage rates today just hit a new low for 2017 and are only about 50 basis points above an all-time low set in 2013. Conforming 30 year mortgage rates hit a low of 3.76 percent today, down from last week's average of 3.81 percent.

The latest catalyst driving mortgage rates lower was a weak May jobs report showing job creation of only 138,000 jobs, less than the expected number of 185,000. This news sent bond yields lower and in turn sent average mortgage rates lower.

10 year bond yields are lower again this morning falling 5 basis points. This decline will put additional downward pressure on mortgage rates. 30 year rates will possibly fall below 3.70 percent by tomorrow or Wednesday.

Loan Type

Purchase Refinance with Cash out Refinance

State

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

FICO Score

Superior (780-850) Exceptional (760-779) Excellent (740-759) Very Good (720-739) Good (700-719) Above Average (680-699) Average (660-679) Fair (640-659) Need Improvement (620-639) Poor (350-620)

Loan Amount

$

Points

Up to 0 points Up to 0.5 points Up to 1 points Up to 1.5 points Up to 2 points Up to 2.5 points Up to 3 points

LTV

%

Loan Term

 15-Year Fixed  20-Year Fixed  30-Year Fixed  5-Year ARM  7-Year ARM  10-Year ARM

Show Advertiser Disclosure

The lenders whose rates and other terms appear on this chart are ICB's advertising partners. They provide their rate information to our data partner RateUpdate.com. Unless adjusted by the consumer, advertisers are sorted by APR from lowest to highest. For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart. Advertising partners may not pay to improve the frequency priority or prominence of their display. The interest rates, annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind. Any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums. The actual payment obligation will be greater if taxes and insurance are included. Although our data partner RateUpdate.com collects the information from the financial institutions themselves, the accuracy of the data cannot be guaranteed. Rates may change without notice and can change intraday. Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders. Please verify the rates and offers before applying for a loan with the financial institution themselves. No rate is binding until locked by a lender.

Lender

APR / Rate

Fees / Points

Payment

NMLS #757416

5.726%

15-Year Fixed

5.625%

$2,632

Includes 0.658 points for $2,632

Lender Fees: $0

$3,295 /mo

Next >

NMLS #1025894

5.778%

15-Year Fixed

5.625%

$3,984

Includes 0.821 points for $3,284

Lender Fees: $700

$3,295 /mo

Next >

NMLS #2561451

6.763%

30-Year Fixed

6.624%

$5,811

Includes 0.954 points for $3,816

Lender Fees: $1,995

$2,561 /mo

Next >

NMLS #757416

6.804%

30-Year Fixed

6.750%

$2,220

Includes 0.555 points for $2,220

Lender Fees: $0

$2,595 /mo

Next >

NMLS #1025894

6.834%

30-Year Fixed

6.750%

$3,440

Includes 0.685 points for $2,740

Lender Fees: $700

$2,595 /mo

Next >

NMLS #401822

6.896%

30-Year Fixed

6.750%

$5,995

Includes 1.000 points for $4,000

Lender Fees: $1,995

$2,595 /mo

Next >

NMLS #399799

6.969%

30-Year Fixed

6.875%

$3,976

Includes 0.662 points for $2,648

Lender Fees: $1,328

$2,628 /mo

Next >

NMLS #401822

7.804%

15-Year Fixed

7.500%

$7,500

Includes 0.875 points for $3,500

Lender Fees: $4,000

$3,709 /mo

Next >

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.

15 year mortgage rates are also down 5 basis points over last week's average rate. The current average 15 year mortgage rate is at 3.00 percent, a decline from the prior week's average mortgage rates of 3.05 percent. We will see 15 year rates fall below 3.00 percent over the next couple of days.

The all-time record average low for 15 year rates was 2.56 percent set in May 2013. While we won't see average 15 year rates fall that low again unless there is a recession, rates will decline in the coming weeks.

Average 5 year adjustable mortgage rates are also lower today, falling to 3.15 percent, down from an average rate of 3.21 percent last week. The all-time record average low rate for 5 year adjustable mortgages was also 2.56 percent set in May 2013.

The rates above are average rates, you can find lenders quoting rates below the average with and without mortgage points. You can search for lenders offering mortgages in your state by searching our rate lists at mortgage rates and you don't have to provide any personal information to view a list of rates.